India to drive global oil demand growth till 2035: IEA Report
India is set to lead global oil demand growth until 2035, according to a recent report by the International Energy Agency (IEA).
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The report highlighted that India will add nearly 2 million barrels per day (mb/d) to global oil demand during this period, making it the primary growth driver of the entire industry.
It said «India becomes the main source of oil demand growth, adding almost 2 million barrels per day (mb/d) to 2035».
This shift comes as China, which has historically been the engine of oil market growth, transitions towards electricity-driven energy usage.
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